WASHINGTON--A federal lawmaker who is one of the insurance industry's most vocal critics in Washington suggested at a Congressional hearing today that insurers with Hurricane Katrina claims had cheated the National Flood Insurance Program.
"I am convinced that insurance adjusters billed the Flood Insurance Program for some damage that should have been covered by private wind insurance," Rep. Gene Taylor, D-Miss., testified at a House Financial Services Committee hearing.
Mr. Taylor sharply criticized carriers for handling of claims after Hurricane Katrina and said he would "lay out the case" for a Congressional investigation of insurers at an upcoming hearing.
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